Safari File Edit View History Bookmarks Window Help Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: S 1.70 per lb. Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance 6.90 per hour 910,000 lbs. 1,055,000 lbs. 940,000 lbs. $1.50 per lb. 15,000 11,000 $4,900 F Required: 1. Calculate the total cost of purchases for October 2. Compute the direct materialis price variance based on quantilty purchased. (Indicate the effect of each variance by quantity used. (Indicate the effect of each variance by sele 3. Calculate the direct materials quantity variance based on 4 MacBook Air